In the results, the company revealed radical plans to overhaul
one of Camden's most iconic markets — Union Street Market, also
known as Buck Street Market.

One of Camden's many famous market areas, Union Street is the
open-air trading spot on the main drag of Camden High Street just
seconds from the tube. The site actually bears the "Camden
Market" sign.

Market Tech Holdings, which was formed by
Israeli gaming software billionaire Teddy Sagi, wants to
overhaul it. The company is planning a two storey market with an
attached boutique hotel — a radical departure from the current
open-air, ramshackle vibe.

Mark Alper, the company's property director, says in today's
results: "We believe that the site represents an attractive
opportunity for a better redevelopment than the existing
permission, offering an enlarged and high quality market area
combined with a destination boutique hotel; we intend to seek
planning permission for such a development."

Alper and Market Tech Holdings want to attract "higher-value
tenants" to Union Street market, rather than the current
assortment of cheap t-shirt sellers.

Union Street isn't the only market in Camden the company is
planning to change. Market Tech Holdings wants to "create high
quality shopping, dining and working spaces" at Camden Lock
Market, which currently houses a collection of old school street
food vendors, jewellery stalls and other small scale operations.

Part
of Camden Lock Market.Market Tech
Holdings

And Market Tech Holdings, which is also developing an e-commerce
website for Camden's markets, is launching a 1,000 person
co-working space in Camden Stables Market later this year.

In today's results Market Tech Holdings announced revenue of
£30.1 million ($47.5 million), up from £18.4 million ($29
million) in 2014. Pre-tax profit jumped from £16.9 million ($26.7
million) to £44.1 million ($69.6 million). The profit figure was
higher than revenues because Market Tech's accountants factored
in increases in the value of their property.

Camden Stables
MarketMarket Tech
Holdings

Chief executive Charles Butler says: "We have already commenced
reinvigorating the unique Camden experience and truly believe
that this unique c.13 acre real estate opportunity combined with
a world-wide integrated e-commerce strategy has created one of
the most exciting opportunities in the UK — for retailers and
shareholders alike."